St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-10
YESTERDAYS MARKET.
On the Chicago Board of Trade the Wheat
Pit was Interesting at Botn
Sessions.
While Not so Tempestuous as on Tuesday,
There We're Wild and Exciting
Scenes.
The Fluctuations Were Wide and the
Feeling Unsettled and
Feverish.
Transactions in the Financial Circles
of Wall Street--General Quo
Nations.
Snenial to the Globe.

special 10 the GlOOe
CHICAGO, March ga change came over
the wheat pit this afternoon, it having be-
come bruited about that the clique controlling
the corner are fighting among themselves.
Soon afterwards May went from $3.50 to
S4sLc. The Cincinnati crowd is holding on to
its comm odity and sold no wheat to-day.
Nav wheat moved back and forth nervously
between sec and SAGE all day. Some be-
leved that it was getting hard sleddlng win
the bull cliQues; others that little wheat
was beng let out simply TO stop the advance
and to let the other markets accommodate
themselves TO this. This spread between this
and the other markets was considered the
weak feature of the advance. New YORK had
dropped from 12@I3c TO within 9010c OF this
marker, and Dulu tn and St. Louis and the
other markets had dropped behind Chicago.
Roseufeld s. Co. have been cutting more
and more important part in the deal from the
time it has developed. They
MAKE NO SECRET
of their principals. They Nnhesitatingiy as
sert that they belong in Cincinnati and are
not behind hand with margins. The one
thing most sought after to-day was reliable
information about the wheat deal. VINO is
running it? How much money have they
got, and what quality OF nerve? The drop
yesterday to SIC and the rapid advance
to-day to sec made it look like an Armour
deal everybody said. The activity of certain
brokers-Irwin, Green & Co., and kershaw u
Co-was another sign of Armour. Probably
half the floor believes that wheat is in the
hands of the big man whose wagons are all
yellow, while the other half are just as GER
tain that it is a wild harbrained attempt by
lot Of Cincinnati spectators allied perhaps
with some New Workers. Every speculator
from Jones and Ream to the smallest snort
seller was very sore this morning when on
the curb wheat opened wildly from S41aW
S515c after closing last night at Soc. Pork
was traded in to-day merely for settlement.
1t is believed that corn will be the next thing
to feel the speculative fever. May sold at
42c to-day.
THE ROUTINE REPORT.
CHICAGO March 9.-The wheat market was
not quite so tempestuouS as on yesterday, yet
the deal was interesting throughout both seS-
sions and at times was very exciting. The
opening scenes were very wild. The market
closed at S41sc for May delivery last Eight.
Yet on the curb this morning purchases of
May were made as high as S6hc. When the
gong sounded on change parties were paying
sec and $3.50 in different portions of the pit.
There was quiet decline to S41ac, but within
three minutes had reacted to SIC. The price
fell off to S5c and held quite steadily between
S5@S51ac until the afternoon session, when
there was severe break to S31sc, followed by
recovery to S43sc, where the market rested
for the day. The feeling is very unsettled
and feYerish, and there continues to be the
usual amount of speculation as to agencies
which control the market. The buying orders
coming on the market were more numerous
than usual, and affected the course of values
somewhat, but local spectators, acting for
themselves or outsiders, appeared to hold the
key to prices. The ''Short interest is con-
sidered to be extraordinarily large, and it is
intimated that among the chief of them are
three or four big local firms that have been
On the bear side of the market for four or
five ears. The foreign advices were rather
unfavorable and the quantity of wheat on
ocean passage showed an increase of 100000
bushels. The clearings from the seaboard
were PAT 900. The more deferred futures
ruled regularly and closed lower than yester-
day, while May closed 3ac higher. This
created feeling that if squeeze
occurred it was to occur in May.
The "bull' temper was impaired to corn and
the price for May delivery advanced fully &C
during the session and closed 115@l5sc higher
than on yesterday. Outside orders were more
numerous and local operators traded on
larger scale. Shorts bought literally and
the trading was very active throughout the
entire session. The receipts are smaller and
the shipping demand more active. Little
more activity was witnessed in oats and prices
were a shade higher. In mess pork the feel
ing was very quiet aud prices ruled slightly
lower. Lard was again in active demand by
shorts, and prices advanced 10000 per 100
lbs. Short ribs closed about the same as
yesterday.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2, March, 1890, closing at roc;
May. s5c, closing at s459c; June, s3ac,
closing at s5c; July, sac, closing at
s219c. Corn-No. 2. March, $500, closing at
June, 41hc, closing at 41%c: July, 42ssc,
closing at 1890. Oats-No. 2, March, 24114c:
closing at 2414c; May, 2s7sc, closing at 2s14c;
June, 2974c, closing at 2974c. Mess
pork, per barrel-March, $50 80 closing
at 5000; May, $20.50, closing at 5000; June,
S20.65, closing at 5000 Lard, per 100 pounds
March. $40. closing at $7.771a: May, $7.S5,
closing at $685.; June, $3.50, closing at
1916. Short ribs per 100 pounds-March,
S8.51h, closing at $50; May, So. IS, closing
at $3.50; June, $S.75%, closing at $S.65.
Cash quotations were as follows: Wheat-No. 2
spring, 79@SO1ac; No. 3 spring, 7315@T4c;
No. cred, SlA@83c. Corn-No. 2, 361 4@I3S1lc.
Oats-No. 2, 241ac. Rye-No. g sac. Barley
No.2, 49951%c. Flax seed-No. i, S1.0601 .O8.
Prime timothy seed, S1.7S@1.T9. Mess pork,
per Dbl, S20.10@20.20. Lard, per 100 lbs,
S1.17R. Short ribs, sides. loose, $3.50; dry
salted shoulders, boxed, $60l6.25; short clear
sides, boxed, SS.S00S.90. Whisky, dlstillers'
finished goods, per gal, Sl.1S. Sugars, cut
loaf, 614065sc; granulated, &c; standard
"A, 51a@534c. Receipts-Flour, 1000 bbls;
wheat $1,000 bu; corn, 1896 bu; oats, 49,,
900 blu; rye, 5000 bu; barley, Sc, 900 bu
Shipments-Flour, $4,000 bbls; wheat, A.
600 bu: corn, 1000 blu: oats. $4,000 blu;
rye, 1000 bu; barley, $4,000 blu. On the
produce exchange to-dayIthe butternmarket
was steady; creamery, 20@3lc per b; dairy,
12922c; eggs, 14@14Ac.